William O Lund Jr And Natalie C Lund Charitable Foundation
- Assets
- $6.7m
- Revenue
- $400.6k
- Investments
- $6.4m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 20-2539936
Organization Overview
William O Lund Jr And Natalie C Lund Charitable Foundation is located in Minneapolis, MN. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William O Lund Jr And Natalie C Lund Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, William O Lund Jr And Natalie C Lund Charitable Foundation generated $400.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $513.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William O Lund Jr And Natalie C Lund Charitable Foundation has awarded 55 individual grants totaling $3,130,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene C Olson Trustee | 15 | $50,000 | |
Union Bank Trust Thru 1023 Trustee | 0.5 | $29,001 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $204,413 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $195,695 |
| Capital Gain Net Income | $195,695 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $451 |
| Total Revenue | $400,559 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,001 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,564 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,345 |
| Total operating and administrative expenses | $183,386 |
| Contributions, gifts, grants paid | $330,000 |
| Total expenses and disbursements | $513,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $376,772 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,744,998 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, William O Lund Jr And Natalie C Lund Charitable Foundation has awarded $330,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE DEFENDING FREEDOM PURPOSE: ADVOCATE RELIGIOUS FREEDOM | $10,000 |
DELTA WATERFOWL FOUNDATION PURPOSE: CONSERVE WATERFOWL | $170,000 |
GUSTAVUS ADOLPHUS COLLEGE PURPOSE: EDUCATION | $10,000 |
MAYO CLINIC PURPOSE: HEALTH CARE SERVICES | $100,000 |
MINNESOTA ADULT & TEEN CHALLENGE PURPOSE: ADDICTION SERVICES | $10,000 |
NORTHERN STAR COUNCIL BOY SCOUTS OF AMERICA PURPOSE: SUPPORT NOTHERN STAR SCOUTING | $10,000 |